And guess what, he was given a cease and desist order, shutting down his business until he had a new location where he could legal run the business. 

It’s better to have everything set up before so you dont lose the initial cash used to the win bid and maybe you can shop around a little bit before to find a lower rate on the hard money.

Preferred is 2 seperate leases, just not entirely sure if this is legal. 

@Shadonna N.If your not already in the portal, you will have to fill out a few forms with contact info, bank info etc, and then expect to not get paid for at least 30-60 days initially, they will pay the back rent, but that's how long it takes to get in their system.

I guess make sure it’s legal in your state).- or you could blame the offer on say your financial position like you’re only approved for that amount or something.I’ve personally called craigslist rental listings to try to buy the property.

Our 2nd TD is typically at 15 % interest.The 3rd TD is net profit split after all expenses.What we do, to recuperate our initial investment, is sell our 2nd TD note at 15%... while keeping the 3rd TD S.A.M.

Although this may satisfy the initial screening of the 1% rent to purchase price, after I run our numbers there is barely any cash flow left.  

The best way to go in this competitive market and economy it may pay off to learn about raising legal money for investors and how to form Partnerships where you can maintain control and purchase apartment complexes and be able to give your investors a good return.Good luck to you!

Initially, it looked like the city was going to say the smaller house was nonconforming because the property is zoned for single family residential, so the appraisal came in low at 218k with the big house and all three lots.

Obtaining as much knowledge as I can about the markets that I'm interested in but also want to limit the amount of time wasting I'm doing with potential team members.I can see arguments for both having a realtor first or a property manager first and I'm curious to hear from OOS investors how they began initiating their out of state teams and who was more beneficial to begin working with first when you have little expertise in the market you're about to enter.Thanks in advance!